Pete Wentz Loves Underaged Kids

What's the secret to Fallout Boy's success among the young kids? Booze. And lots of it.

Pete Wentz's New York City bar, Angels and Kings, has been shut down for a few days for allegedly serving alcohol to minors, Gawker is reporting. The bass player (who moonlights as Ashlee Simpson's baby-daddy/husband) has had some legal trouble in the past -- apparently this is the bar's third violation.

A rep for the bar told us they didn't know anything about the closure -- but the bar's website says it's supposed to be closed yesterday and today for "maintenance issues."

Maintaining what -- a .08 blood alcohol level on underage kids?

A rep for A&K gave us this statement: "There was an outstanding legal issue which the owners are now working to correct."